Tag: Business

1/16/19--Brendan Kennedy’s Canadian cannabis company Tilray has unexpectedly become America’s gateway to the legal marijuana industry. Tilray sells marijuana for medical use and, more recently, recreational use. It wears the crown as the hottest IPO of 2018, returning 315% for the year and valuing the Canada-based but American-run company at $9 billion today. To stay ahead, Kennedy, who actually had an antidrug upbringing, spends a lot of time trying to predict which country will be the next to legalize marijuana, so that Tilray will be there when it does. Read

1/14/19--New England Treatment Access, one of the state’s early medical marijuana operators and the first to sell recreational pot in Massachusetts, has agreed to be acquired by Atlanta-based Surterra Wellness. This acquisition is one of the largest to date in the US marijuana industry. The deal, which is subject to approval by the state Cannabis Control Commission, comes amid a wave of consolidation in the Massachusetts marijuana industry. Read

12/13/18--Michael Steele and Dean Howard, former chairmen of the Republican and Democratic parties respectively, are among the heavyweights joining a Canadian company’s effort to boost the prestige of the marijuana industry. Tilray Inc., the first marijuana company to list directly on a U.S. exchange, announced the formation of a 10-person advisory board. Read

12/10/18--Aurora Cannabis Inc. has signed a deal to acquire Mexican company Farmacias Magistrales. The deal to buy the pharmaceutical manufacturer and distributor follows an agreement last week that saw Aurora partner with the company. Read

12/11/18--Chris Visco, a dominant retailer of medical marijuana, is the cofounder and CEO of TerraVida Holistic Centers, a chain of three marijuana dispensaries scattered across the Philadelphia suburbs. Visco has taken an unorthodox route to the top of the Keystone State's marijuana industry. She employs nearly 80 people and hopes to open six more spa-like dispensaries next year. Read

10/28/18--The world’s biggest brewer, Anheuser-Busch InBev (AB InBev), says it is keeping a close eye on the burgeoning marijuana market. Major brewing giants are increasingly linking up with marijuana producers as countries legalize the plant. This is partly because brewers are in some cases selling less beer where marijuana has been legalized. Read

10/19/18--As a featured speaker at the Cannabis World Congress and Business Exposition in Boston, Bill Weld, former US attorney and governor of Massachusetts, appeared to be a hype man for Acreage Holdings. Weld actually supported marijuana for medical use as governor in the early 1990s, long before that policy had the widespread support of Americans. He also strongly endorsed the STATES Act, a bill that would repeal the federal prohibition of marijuana and allow states to set their own policies on the drug. Read

9/26/18--The Massachusetts Cannabis Business Association (MassCBA) is an independent, non-profit organization whose mission is to be the convener, voice, and advocate for the Commonwealth’s cannabis business community, including businesses providing ancillary services. Read

4/24/17--Denver marijuana licensees on Monday received permission from the city to keep their stores open until 10 p.m. — a move the industry says will help it compete with businesses in some neighboring cities. Stores that offer recreational or medical marijuana sales (or both) will get the option to adjust their hours beginning May 1. Read

4/13/17--The International Church of Cannabis in Denver, Colorado, claims to be the first venue in the world where people can legally consume cannabis in a social environment. However, cannabis consumption at the church may raise some legal issues. Colorado politicians are still considering a bill that would let local governments decide whether to allow social pot clubs. The bill would also allow any jurisdiction to ban them altogether. Read

4/5/17--The University of Denver is bringing marijuana into the classroom in a way that's never been done before. It's the only AACB accredited business school in the country teaching a marijuana course with topics ranging from legal and political pitfalls to running your own company. Read

9/27/16--MassRoots Inc., the cannabis-centric technology and social media company, has cut more than 40 percent of its workforce and recently defaulted on debt payments, the Denver-based firm disclosed. Read

9/26/16--Dope magazine writer Melissa Joy reports on her experience touring the wholesale company, Honest Marijuana. According to Joy, the quality of Honest Marijuana’s product is unreal, and nothing can compare to their garden. The company's mission is to utilize space as optimally as possible, while also employing eco-friendly methods to create their products. Read

The Marijuana Report Website and The Marijuana Report E-Newsletter
are published by National Families in Action.